The post Ethereum (ETH) Price Prediction for May 5 appeared on BitcoinEthereumNews.com.

The market is mainly bearish today; however, there are some exceptions to the rule, according to CoinStats. ETH chart by CoinStats ETH/USD The price of Ethereum (ETH) has dropped by 1.53% since yesterday. Image by TradingView On the hourly chart, the rate of ETH is neither bullish nor bearish. The price is in the middle of the narrow channel, between the support of $1,781 and the resistance of $1,829.  You Might Also Like If the situation does not change by tomorrow, there are low chances of seeing sharp moves soon. Image by TradingView On the bigger time frame, the picture is similar. The volume remains low, which means none of the sides is dominating. In this case, consolidation in the zone around $1,800 is the most likely scenario within the next few days. Image by TradingView From the midterm point of view, one should focus on the weekly bar’s closure in terms of the $1,857 level. If it happens near it, traders may witness a price blast to the $2,000 mark. Ethereum is trading at $1,807 at press time. Source: https://u.today/ethereum-eth-price-prediction-for-may-5

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Filed under: News - @ May 6, 2025 1:25 am